Zacks Research Issues Positive Estimate for TSE:WPM Earnings

Key Points

• Zacks Research raised its Q3 2028 EPS estimate for Wheaton Precious Metals to $2.40 from $1.62, above the company’s current full-year consensus estimate of $2.47 per share.
• Wheaton reported C$1.69 EPS and C$1.32 billion in revenue in its latest quarter, with a 64.66% net margin and 22.96% return on equity.
• Analysts maintain a generally positive view, with the stock rated “Buy” on average and a consensus price target of C$203.86; shares recently opened at C$189.48.

Wheaton Precious Metals Corp. (TSE:WPM - Free Report) - Research analysts at Zacks Research upped their Q3 2028 earnings per share (EPS) estimates for shares of Wheaton Precious Metals in a note issued to investors on Thursday, September 24th. Zacks Research analyst Team now forecasts that the company will post earnings per share of $2.40 for the quarter, up from their prior forecast of $1.62. The consensus estimate for Wheaton Precious Metals' current full-year earnings is $2.47 per share.

Wheaton Precious Metals (TSE:WPM - Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The company reported C$1.69 earnings per share for the quarter. The company had revenue of C$1.32 billion during the quarter. Wheaton Precious Metals had a net margin of 64.66% and a return on equity of 22.96%.

WPM has been the topic of several other reports. National Bank Financial upped their price target on Wheaton Precious Metals from C$205.00 to C$210.00 and gave the company an "outperform" rating in a research report on Monday, August 10th. Peel Hunt lowered their target price on shares of Wheaton Precious Metals from C$220.00 to C$187.00 in a research note on Wednesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the company's stock. Based on data from MarketBeat, Wheaton Precious Metals has an average rating of "Buy" and an average price target of C$203.86.

Wheaton Precious Metals Trading Down 0.3%

Shares of WPM opened at C$189.48 on Friday. Wheaton Precious Metals has a 52 week low of C$129.69 and a 52 week high of C$226.68. The firm has a market cap of C$86.05 billion, a price-to-earnings ratio of 42.03 and a beta of 1.61. The stock has a 50 day moving average of C$195.52 and a 200-day moving average of C$182.03.

Wheaton Precious Metals Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 3rd. Shareholders of record on Thursday, September 3rd were paid a $0.1950 dividend. This represents a $0.78 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date was Thursday, August 20th. Wheaton Precious Metals's payout ratio is presently 15.97%.

Insider Activity at Wheaton Precious Metals

In other news, insider Nikola Tatarkin sold 3,733 shares of the company's stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of C$189.00, for a total transaction of C$705,537.00. Following the completion of the transaction, the insider directly owned 30,756 shares of the company's stock, valued at approximately C$5,812,884. This represents a 10.82% decrease in their ownership of the stock. Company insiders own 0.13% of the company's stock.

About Wheaton Precious Metals

Wheaton is the world's premier precious metals streaming company with the highest-quality portfolio of long-life, low-cost assets. Its business model offers investors commodity price leverage and exploration upside but with a much lower risk profile than a traditional mining company. Wheaton delivers amongst the highest cash operating margins in the mining industry, allowing it to pay a competitive dividend and continue to grow through accretive acquisitions. Wheaton is committed to strong ESG practices and giving back to the communities where Wheaton and its mining partners operate.

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